It is anticipated to sustain high profitability with return on assets of around 1.3%. The DBS Bank Ltd. (DBS) will maintain strong solvency and robust funding and liquidity over the next 12 to 18 months, according to Moody’s. DBS is projected...
The bank is also expected to have a steady core capital ratio. UOB will remain stable despite a slight decrease in profitability, Moody’s reported. In the latest rating report, Moody’s projects UOB to maintain a good asset quality in the next...
This will be backed by healthy credit standing. OCBC will remain stable at least until next year amidst projected strong credit fundamentals in 2024-2025, according to Moody’s. In its latest rating report, Moody’s said “OCBC's problem loans ratio will remain below...
Berkshire Hathaway significantly reduced its enormous stake in Apple in the first quarter, as Warren Buffett's conglomerate let its cash hoard swell to a record $189 billion. Buffett's company also posted a record operating profit exceeding $11 billion, as its...
Indonesia's economic growth in the first quarter beat expectations, buoyed by high public spending for the country's elections, but maintaining the strong pace will be challenging due to global developments and tight local monetary conditions. Southeast Asia's largest economy grew...
Dividend is SGD 54 cents per share for the quarter. DBS Group’s net profit for the first three months of 2024 rose by 15% to S$2.96b compared to a year ago on the back of higher return on equity and...
Record gold prices have sent recycling of the precious metal to the highest level in more than three years, as consumers cash in on jewellery, an industry body revealed. The World Gold Council (WGC) added, however, that total demand for...
Taiwan's trade-dependent economy grew faster in the first quarter, supported by a rebound in exports amid upbeat demand for the technology that powers artificial intelligence (AI) applications. Gross domestic product (GDP) to have expanded 5.65% during January-March versus a year-ago...
Norway's $1.6 trillion sovereign wealth fund, one of the world's largest investors, will support HSBC's proposed bonus policy change for so-called material risk takers (MRTs), the Norwegian fund manager's updated voting intentions showed. HSBC, one of the world's biggest banks,...
Relatively lower inflation in Asia means the region's central banks can focus more on domestic conditions and less on what the U.S. Federal Reserve might do when setting monetary policy, the International Monetary Fund said on Tuesday. The region is...
